Khalid Al Harethi

Experience

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  Procter & Gamble

  Aug 2001 - Dec 2003

  Accountant

  Handling the Accounts Payable & Payments. Responsible of the Fixed Assets. Prepare the Payroll Accounts. Responsible of provision & prepaid accounts. Reconcile GL ledger and making adjustment entry if need. Responsible for the Petty Cash and bank reconciliation. Monthly Actual Expenses Vs Budget analysis. Controlling the expenses of Sales & Marketing departments which related to media & Promotion expenses verses their budgets and analysis any over / under spending. Show less

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  Al- wefaq Factory

  Jul 2004 - May 2008

  Senior Accountant

   Ensure proper monthly/annual closing of accounts and supporting schedules. Prepare monthly reports to management. Work with budgeting team. Make yearly and quarterly forecasts. Handling all factory functions like ( AP , AR , GL , Fixed assets , payroll , inventory , costing..etc). Preparation the expenses & budget.

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  Al-Futtaim Auto & Machinery Co. LLC - SA

  Jul 2008 - now

  Financial Controller

   Ensure proper monthly/annual closing of accounts and supporting schedules. Review and follow-up all daily entries. Reviewing and follow-up with AP, AR, GL and stock team. Inventory management (Review GRNs and coordination with custom clearance agents for relevant documentation for accurate landed cost recording). Relationship with bank management and follow-up of bank accounts and reconciliation. Work on the development and training of members of the Section Communicate and work with internal and external auditors and Zakat Department. Preparing monthly, quarterly, and annual financial statements; assisting with regulatory reporting. Work with budgeting team. Coordinate with other departments of the company to review data and prepare forecasting. Preparing actual expense reports, comparing them with the forecasting, and analyzing the Differences. Preparing monthly provisions for receivables and stock. Review and approve the payroll file. Runing ageing payable report and manage dispatch of payment. Sitting with the lawyer and reviewing the cases related to the company and following up. Reviewing documentary credits) LC’s) and making facilities agreements with banks. Show less

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  Al-Futtaim Auto & Machinery Co. LLC

  Jul 2008 - now

  Credit Control Manager

  Evaluate the creditworthiness of new and existing customers by analyzing financial statements, credit reports, and payment history. • Establish credit limits and terms, review and re-evaluate them annually based on customer history.• Review credit applications and make recommendations for credit approvals or rejections.• Develop and implement effective credit control policies and procedures to minimize credit risk• Ascertain compliance with company credit policies and recommend changes if need .• Maintain regular communication with customers to resolve payment issues, address inquiries, and negotiate payment plans.• Maintain regular contacts and excellent business relationship with local banks and specialized credit institutions in the Region, facilitate all banking, and credit related business.• Resolve customer disputes and Verify invoice accuracy and resolve any billing issues.• Monitor and reconcile customer accounts to ensure payments are up to date.• Coordination and follow up with company’s legal representatives.• Supervise and manage completion of credit customer's files and update them with all relevant information on their credit history. • Monitor overdue accounts and follow up on outstanding payments with collection team.• Negotiate payment arrangements and terms with delinquent customers.• Escalate unresolved issues to management and initiate legal action if necessary.• Analyze aged receivables and prioritize collections efforts to maximize cash flow.• Forecast cash collections and provide regular updates to finance management.• Identify opportunities to improve cash conversion cycle and reduce debtor days.• Prepare and distribute regular reports on receivables aging, collections performance, and credit risk.• Analyze trends and identify potential risks or opportunities for improvement.• Develop comprehensive reports for senior management, highlighting key performance indicators. Show less